10 Best Fastest Instant Loan Apps In India Without Salary Slip

Urgent loan needed but, don’t have a salary slip? Many people often face this situation, especially if you are self employed or a student. Fortunately, technology has now made everything simpler. You can now access an instant personal loan via mobile applications in a hassle-free manner.

Let’s delve into this article where we get to know 10 fastest instant loan app in India, providing rapid approval and distribution of funds without requiring a conventional payslip from you if need be to cater to those seeking immediate financial aid without enduring extended verification procedures and explore the finest alternatives, at your disposal. 

1. Zype

Zype is one of the most prominent options for the fastest instant loan app. It provides instant loans with a quick and hassle-free process. The loan application can be completed online with minimal documentation, making it accessible even for those without a regular income or salary slip. Zype is especially beneficial when an urgent loan needed, offering flexible repayment options tailored to the user’s financial situation. It’s a reliable choice for anyone looking to secure funds quickly without the need for extensive paperwork.

2. MoneyTap

MoneyTap stands out as one of the most efficient and fastest instant loan app in India. This app offers a credit line of up to Rs 5 lakhs, with interest rates ranging from 1.08% to 2.3% per month. The application process is quick, requiring just basic details like age, city, PAN, and income. Once approved, users can access funds almost instantly, making it a go-to option when an urgent loan needed.

3. PaySense

PaySense is known for its fast processing and the ability to offer loans without needing a salary slip. The app partners with top financial institutions to provide loans ranging from Rs 5,000 to Rs 5 lakhs. Even those without a credit history can avail of these loans. The interest rates range between 16% and 36% annually, with flexible repayment tenures of up to 60 months. The entire process, from application to disbursal, is seamless and quick.

4. Nira

Nira is another top choice for those who require a fastest instant loan app. This app is particularly useful for people without a CIBIL score, as it uses other criteria to assess creditworthiness. Nira offers loans ranging from Rs 3,000 to Rs 5 lakhs, with monthly interest rates between 1.5% and 2.5%. The app provides an easy registration process and instant approval, making it perfect for emergencies.

5. KreditBee

KreditBee is a popular instant loan app that caters to various income groups, including students and freelancers. The app offers quick loans up to Rs 2 lakhs with minimal documentation. KreditBee is especially favoured for its flexible eligibility criteria and quick approval process, making it one of the fastest ways to get money when an urgent loan needed.

6. Kissht

Kissht is ideal for those without a regular income but who still need quick access to funds. This app offers a revolving line of credit up to Rs 2 lakhs with an interest rate ranging from 14% to 30% per annum. The application process is straightforward, requiring only an Aadhar card for approval. With its 100% digital process, Kissht ensures that users can access funds quickly without any hassle.

7. Smart Coin

Smart Coin is designed to help those in low-income brackets who need small loans quickly. This app provides loans up to Rs 70,000, with interest rates between 20% and 36% annually. The best part is that the app requires just PAN and Aadhar cards for approval, making it accessible even to those without proof of formal income. It’s a reliable option when you need an urgent loan needed to meet immediate expenses.

8. Dhani Card

Dhani Card is an excellent option for students, salaried individuals, and the self-employed who need quick access to money. This app offers loans up to Rs 5 lakhs with interest rates ranging from 1% to 3.17% per month. Dhani Card also offers a unique credit line with zero interest, which is repayable in three instalments. Additionally, users can enjoy cashback offers and discounts on their daily purchases, making it a versatile choice.

9. mPokket

mPokket is a short-term loan app specifically designed for students and salaried employees. The loan amounts range from Rs 500 to Rs 30,000, with interest rates starting at 3.5% per month. What makes mPokket unique is that students can apply by simply submitting their ID proof, making it an excellent option for those who might still need to get a salary slip. The loan approval and disbursal process is fast, with funds typically available within 24 hours.

10. CASHe

CASHe is a versatile loan app that allows users to get a single approval for multiple loans. The app offers personal loans up to Rs 5 lakhs, with interest rates starting at 1.75% per month. It’s particularly suitable for users with a decent credit score who need quick access to funds. CASHe also partners with major eCommerce platforms, allowing users to make purchases with a “Buy Now, Pay Later” option.

Final Thoughts

When you need an urgent loan, choosing the fastest instant loan app can be a lifesaver, providing quick access to funds with minimal hassle. These apps offer a convenient solution, especially for those without a regular salary slip, allowing them to meet their financial needs promptly. With quick approval processes, flexible repayment options, and user-friendly interfaces, these apps have made it easier than ever to secure a personal loan in times of need.